Liquefied Natural Gas: Prices
The question
To ask the Secretary of State for Energy Security and Net Zero, what steps his Department is taking to reduce UK exposure to potential global LNG market volatility, after the suspension of LNG production by QatarEnergy.
Answered by Michael Shanks
The UK benefits from a wide variety of gas supply sources, including the UK Continental Shelf, pipeline imports from reliable partners like Norway, Belgium and the Netherlands, as well as significant LNG import capability. This limits our reliance on any one source of supply.
The Department is working closely with key industry partners, like National Gas, the transmission system operator, to ensure adequate supply during this period of global disruption, and we are confident that this diverse supply portfolio will continue to meet the country’s energy needs, just as in previous geopolitical events.
Ultimately the best way to retain our energy security and protect billpayers permanently is to speed up the transition away from fossil fuels, reducing our reliance on natural gas and moving towards home-grown clean energy. That is why making Britain a clean energy superpower by 2030 is one of the Prime Minister’s five missions, with the biggest investment in home-grown clean energy in British history.
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